The Bermuda-based Argo Group International Holdings released the following highlights for the quarter ended March 31, 2010: — Total revenue was $372.3 million versus $369.5 million in the year-ago quarter; — Gross written premiums were $404.5 million versus $496.1 million …
XL Capital’s first quarter, 2010 net income decreased to $127.996 million, from $178.379 million in Q1, 2009. Operating income, which excludes capital gains/losses, was also lower at $149.612 million, compared to $190.863 million last year. XL’s bulletin explained that the …
Hannover Re’s first quarter report noted that, although it had been hit with some “major losses,” the reinsurer was nonetheless satisfied “with its start to the new financial year.” CEO Ulrich Wallin commented: “Although the burden of major losses in …
California geology officials have released an updated state seismic activity map that they hope will improve earthquake preparedness and construction decisions.The map, which had not been updated since 1994, includes more than 50 surface fault lines discovered over the past …
$35 Million Amount sought by relatives of a Baltimore fire department recruit Racheal Wilson, who died in February 2007 after becoming trapped inside a vacant rowhouse during a training exercise. An independent report found that the training exercise violated dozens …
Fairfax Financial Holdings Ltd. Chairman and CEO Prem Watsa warned that global stock markets are still subject to a lot of uncertainties. He told analysts during the company’s quarterly conference call Friday that the Toronto-based insurance and investment manager may …
The Bermuda-based Everest Re Group reported a net loss of $22.7 million, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6 million, or $1.76 per diluted common share, for the first quarter of …
Bermuda-based Aspen Insurance Holdings Limited reported a net profit after tax for the first quarter of 2010 of $18.3 million and operating earnings of $0.01 per diluted ordinary share, compared to a net profit after tax of $91.4 million, and …
“Homeowners can mitigate against wind damage, but they’re powerless, really, to do anything against storm surge,” says one researcher whose job it is to develop ways to determine the vulnerability of homes and other properties not only to storm surge, …
AIR Worldwide (AIR) has enhanced its catastrophe model for estimating property and business interruption losses for a wide variety of industrial facilities. “AIR conducts detailed, site-specific, engineering-based risk assessments for various types of industrial facilities through our Catastrophe Risk Engineering …
